GREY:FGBDF - Post by User
Comment by
Dojitrader15on May 12, 2017 10:49am
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Post# 26236882
RE:we should be testing the 50 day m.a.
RE:we should be testing the 50 day m.a.d2dgw wrote: of 78cents(same as options).....the 20 day m.a. now is 70 cents (same as PP).....we should definitely be somewhere in between 70-78 cents.....imo ....look for very strong close going into weekend...im
A couple of things. First the 50 day moving average is a lifetime away from the stock in terms of what it can test. Second all indicators are still pointing down and after having such a good past couple of days, I find it hard to believe that anything above the current level will be breached today.
As far as CommodityPro's call that a new trend has started is hard to believe when you look at the chart. You drew your trend channel in the wrong place my friend. You still have one big downward trendline to break through....to which the stock seems to be up against some strong resistance there.
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